MIG Leisure, a subsidiary of Greece's Marfin Investment Group (MIG), has completed the purchase of the Hilton Cyprus hotel in Nicosia for EUR 59 mln. The property has been sold by Cyprus' Tourism and Development Public Company. Hilton Cyprus, the only five-star hotel in Nicosia, has about 300 rooms.
MIG Leisure, a subsidiary of Greece's Marfin Investment Group (MIG), has completed the purchase of the Hilton Cyprus hotel in Nicosia for EUR 59 mln. The property has been sold by Cyprus' Tourism and Development Public Company. Hilton Cyprus, the only five-star hotel in Nicosia, has about 300 rooms.
MIG Leisure is owned 65% by MIG and 35% by Dubai Financial. The deal is subject to regulatory approval in Cyprus.
